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Government Employees Pension Service Selects Brookfield and AEW as Non-core Overseas Real Estate Investment Partners

2024. 10. 17 · Byungki Koh
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

    Brookfield Asset Management and AEW Capital have been selected as non-core overseas real estate investment partners by the Government Employees Pension Service (GEPS). GEPS has been in an ongoing selection process of overseas asset management companies to invest in the global real estate market through value-add and opportunistic strategies, after announcing the global real estate fund overseas entrusted management company selection notice in July. Companies must invest at least 60% in the Americas and Europe, and set a target IRR of 10% or higher. The fund size must be at least USD 100 billion. The other main selection criteria are as follows.   More than 30 global asset […]

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